 Divorce and Property Distribution Florida is a “no-fault” divorce state. This means that a marriage will be dissolved if one party wants the divorce, resides in the State for more than six months, files a Petition for Dissolution of Marriage, and alleges the marriage is irretrievably broken. This will change your marital status from married to single. Florida is also an “equitable distribution” state. This means all assets and liabilities acquired during the marriage must be distributed equitably between the parties. The goal in my family law practice is to simplify the complex process of identifying and valuating assets, including real estate, business interests, stock portfolios, pension and retirement benefits, and to distribute your assets and liabilities equitably. During a divorce, the common pitfall is for men and woman to concentrate on issues relating to alimony and child support and leave the distribution of marital property to chance. Do not minimize the importance of property distribution and asset protection. It is the gateway to each parties' financial security and peace of mind. |
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